The Pennsylvania Housing Finance Agency launched K-DATE, a 0% interest home purchase assistance loan offering downpayment and closing cost aid with no monthly payments. The nonamortizing loan is deferred up to 30 years, payable upon sale, refinance, or mortgage payoff. Assistance is 8% for loans ≤$150,000 and 5% for loans ≥$150,001, based on purchase price or appraised value. Borrowers need a minimum 660 FICO score and must complete free homebuyer education.
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